Initial Europe November MEG contract agreed down by €36/tonne

15 November 2013 12:56  [Source: ICIS news]

LONDON (ICIS)--An initial European monoethylene glycol (MEG) contract price for November has been agreed at a decrease of €36/tonne ($49/tonne) from October, the seller involved said on Friday.

The deal was concluded at €949/tonne FD (free delivered) NWE (northwest Europe).

Industry participants had been expecting anything from a rollover to a small decrease of between €20-35/tonne.

The buyer was not available for comment.

($1 = €0.74)

By: Caroline Murray
44208 652 3214

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